wildcard
25th April 2010, 11:48 PM
http://www.topnews.in/commodity-outlook-copper-kediacommodity-2259775
Copper continued its gain Saturday on stronger-than-expected U.S. home sales data released Friday. A pullback in the U.S. dollar also helped copper. Ongoing worries about Greece's ability to finance its debt have in recent weeks pressured the euro and other assets thought of as riskier Copper has touched a low of Rs 344.1 a kg after opening at Rs 344.1, and last traded at Rs344.95.For today market is looking for the support at 344.3, a break below could see a test of 343.7 and where as resistance is now likely to be seen at 345.3, a move above could see prices testing 345.7.
Copper continued its gain Saturday on stronger-than-expected U.S. home sales data released Friday. A pullback in the U.S. dollar also helped copper. Ongoing worries about Greece's ability to finance its debt have in recent weeks pressured the euro and other assets thought of as riskier Copper has touched a low of Rs 344.1 a kg after opening at Rs 344.1, and last traded at Rs344.95.For today market is looking for the support at 344.3, a break below could see a test of 343.7 and where as resistance is now likely to be seen at 345.3, a move above could see prices testing 345.7.